Global economic uncertainty calls for stable govt, policy continuity, Tengku Zafrul says


Tengku Zafrul Abdul Aziz says a win for Barisan Nasional in the coming polls will enable the formation of a stable government to continue all the policies formulated to assist the people and nation in weathering global economic uncertainty. – The Malaysian Insight file pic, November 17, 2022.

A WIN for Barisan Nasional (BN) in the 15th general election will enable the formation of a stable government to continue all the policies formulated to assist the people and nation in weathering global economic uncertainty, Tengku Zafrul Abdul Aziz said.

The caretaker finance minister said the policies introduced before the dissolution of parliament have clearly produced good results, with the national economy posting growth despite facing global headwinds.

“The (conflict) in Ukraine and Russia, which has now also extended to Poland, has had an impact (on us) to some extent, in addition to Europe’s economic downturn. Just look at the high inflation rate due to higher fuel and raw material prices. In the United States, the interest rates have risen very high, burdening the people there,” he told reporters in Kuala Selangor today.

Tengku Zafrul said that while Malaysia has been affected by the fallout, the economy has continued to grow due to the policies that were introduced and implemented.

“The economy grew 14.2% in the third quarter of this year, representing the fourth consecutive quarter of growth, while the first nine months of 2022 saw a growth of 9.3%.

“But the important thing is to look ahead. If BN were able to return and form the government, we would continue the policies to help the people and develop the economy,” he said.

Tengku Zafrul, who is BN’s candidate for the Kuala Selangor parliamentary seat, said that although the country is showing a healthy economic performance, it needs a stable government with a positive track record to prepare for the rising global challenges anticipated next year. – Bernama, November 17, 2022.


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